IRSBX: Ivy Securian Real Estate Securities B

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IRSBX Ivy Securian Real Estate Securities B


Profile

IRSBX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return -3.1%
  • Net Assets $426 M
  • Holdings in Top 10 41.1%

52 WEEK LOW AND HIGH

$24.64
$22.22
$25.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.54%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 01, 2014
  • Standard (Taxable) $750
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Ivy Securian Real Estate Securities Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Dec 08, 2003
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lowell Bolken

Fund Description

The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in the securities of companies in the real estate or real estate-related industries. "Real estate" securities include securities of issuers that receive at least 50% of their gross revenue from the construction, ownership, leasing, management, financing or sale of residential, commercial or industrial real estate.


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Categories

Performance

IRSBX - Performance

Return Ranking - Trailing

Period IRSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -0.3% 11.1% 46.35%
1 Yr 7.5% -25.8% 38.3% 70.30%
3 Yr -0.9%* -16.0% 13.7% 78.07%
5 Yr -3.1%* -15.2% 9.4% 79.50%
10 Yr 5.6%* -3.4% 13.6% 62.10%

* Annualized

Return Ranking - Calendar

Period IRSBX Return Category Return Low Category Return High Rank in Category (%)
2019 12.4% -22.7% 43.1% 72.56%
2018 -12.2% -44.0% 2.2% 71.03%
2017 -7.3% -16.4% 25.4% 85.53%
2016 -6.0% -28.0% 12.5% 80.56%
2015 -1.7% -19.4% 2.4% 26.26%

Total Return Ranking - Trailing

Period IRSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -0.3% 11.1% 46.35%
1 Yr 7.5% -25.8% 38.3% 70.30%
3 Yr 5.2%* -15.4% 13.7% 61.84%
5 Yr 3.4%* -12.8% 9.4% 55.00%
10 Yr 9.5%* -1.3% 13.6% 51.61%

* Annualized

Total Return Ranking - Calendar

Period IRSBX Return Category Return Low Category Return High Rank in Category (%)
2019 12.4% -22.7% 43.1% 72.56%
2018 -6.6% -43.3% 3.3% 32.94%
2017 4.3% -13.6% 31.4% 49.12%
2016 3.2% -12.3% 12.5% 67.59%
2015 3.5% -15.2% 7.7% 20.20%

NAV & Total Return History


Holdings

IRSBX - Holdings

Concentration Analysis

IRSBX Category Low Category High IRSBX % Rank
Net Assets 426 M 2.13 M 71.3 B 46.85%
Number of Holdings 51 20 711 35.19%
Net Assets in Top 10 173 M 963 K 29.2 B 47.04%
Weighting of Top 10 41.14% 10.9% 145.8% 81.11%

Top 10 Holdings

  1. Prologis Inc 6.31%
  2. Equinix Inc 5.82%
  3. Alexandria Real Estate Equities Inc 4.76%
  4. Digital Realty Trust Inc 3.81%
  5. Duke Realty Corp 3.79%
  6. Invitation Homes Inc 3.74%
  7. AvalonBay Communities Inc 3.46%
  8. VICI Properties Inc Ordinary Shares 3.43%
  9. Simon Property Group Inc 3.04%
  10. Healthpeak Properties Inc 2.98%

Asset Allocation

Weighting Return Low Return High IRSBX % Rank
Stocks
99.54% 6.42% 124.18% 15.27%
Cash
0.46% -106.75% 19.21% 78.15%
Preferred Stocks
0.00% 0.00% 47.46% 58.89%
Other
0.00% -2.97% 91.23% 57.78%
Convertible Bonds
0.00% 0.00% 6.51% 54.44%
Bonds
0.00% -0.38% 97.77% 56.36%

Stock Sector Breakdown

Weighting Return Low Return High IRSBX % Rank
Real Estate
98.72% 38.43% 100.00% 52.67%
Consumer Cyclical
1.28% 0.00% 33.77% 20.99%
Utilities
0.00% 0.00% 6.28% 52.67%
Technology
0.00% 0.00% 15.26% 66.41%
Industrials
0.00% 0.00% 10.92% 55.34%
Healthcare
0.00% 0.00% 4.80% 51.91%
Financial Services
0.00% 0.00% 7.44% 59.92%
Energy
0.00% 0.00% 3.80% 52.29%
Communication Services
0.00% 0.00% 9.00% 52.67%
Consumer Defense
0.00% 0.00% 0.25% 51.91%
Basic Materials
0.00% 0.00% 5.72% 52.67%

Stock Geographic Breakdown

Weighting Return Low Return High IRSBX % Rank
US
99.54% 6.42% 124.18% 15.19%
Non US
0.00% 0.00% 33.73% 60.74%

Expenses

IRSBX - Expenses

Operational Fees

IRSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.54% 0.07% 5.98% 13.15%
Management Fee 0.90% 0.00% 1.50% 81.82%
12b-1 Fee 1.00% 0.00% 1.00% 87.32%
Administrative Fee N/A 0.01% 0.47% 4.73%

Sales Fees

IRSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load 5.00% 1.00% 5.00% 5.56%

Trading Fees

IRSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IRSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 3.00% 877.00% 69.06%

Distributions

IRSBX - Distributions

Dividend Yield Analysis

IRSBX Category Low Category High IRSBX % Rank
Dividend Yield 0.00% 0.00% 6.00% 91.61%

Dividend Distribution Analysis

IRSBX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

IRSBX Category Low Category High IRSBX % Rank
Net Income Ratio 0.38% -0.10% 5.67% 96.55%

Capital Gain Distribution Analysis

IRSBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IRSBX - Fund Manager Analysis

Managers

Lowell Bolken


Start Date

Tenure

Tenure Rank

Apr 30, 2006

13.76

13.8%

Lowell R. Bolken serves as Vice President and Portfolio Manager for Securian Asset Management, Inc. since March 2012. Mr. Bolken received a BA in Computer Science from the University of North Dakota in 1985. He earned an MBA in Real Estate and Financial Markets from Columbia University in 1989. He is a CFA charterholder and a member of the National Association of Real Estate Investment Trusts (NAREIT).

Matthew Richmond


Start Date

Tenure

Tenure Rank

Jan 02, 2014

6.08

6.1%

Matthew K. Richmond serves as Senior Vice President and Portfolio Manager for Securian Asset Management, Inc. since December 2018, previously Vice President and Portfolio Manager since December 2013.

Joshua Klaetsch


Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.76

1.8%

Josh provides fundamental and qualitative research on publicly traded real estate companies and related entities for the purpose of recommending purchase and sale of securities. As a member of the Real Estate Securities team, he is responsible for the investment performance of portfolios within the strategy. Josh is a CFA charterholder, a member of the CFA Institute, the CFA Society of Minnesota and the University of Wisconsin Real Estate Alumni Association.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.09 7.96 0.2